Water Moccasin #1-34H-TF

10/05/2010

GeoResources (GEOI) is active in the Bakken formation on both an operated and non-operated basis. The company started drilling the Carlson 1-11H Bakken well in late September 2010 on its acreage in Williams County. The Carlson 1-11H well is being drilled on 640 acre spacing and the company plans to drill two more Bakken wells once the Carlson 1-11H well is finished.

GeoResources has participated in seventy-two non operated wells in the Bakken Shale with Slawson Exploration, its primary operator in the Bakken. The company also owns minor interests in other Bakken wells. The company has disclosed several wells that the company participated in during the third quarter of 2010. The names of the wells and the status are listed below:

Currently Being Completed

Armada Federal #1-14-13H

Goblin #1-26H

Hunter #1-8-17H

Jaguar #1-32H

Revolver #1-35H

Vixen Federal #1-19-30H

Drilling

Muskrat Federal #1-28-33H

Silencer #1-29H

Water Moccasin #1-34H-TF

Waiting On Rig

Mole #1-20H

Submarine Federal #1-23-24H

Vagabond #1-27H

GeoResources plans to drill between 9 and 12 wells in the fourth quarter of 2010. The company estimates its completed well costs at between $5.0 and $6.2 million, and plans to complete the wells with from 18 to 41 hydraulic fracturing stages.